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> On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. Through the Treasury, the US Government
by coredog64 2y ago
> On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. Through the Treasury, the US Government actually booked $15.3 billion in profit, as it earned $441.7 billion on the $426.4 billion invested.
There was a second Treasury program where they forced all the banks to participate so that there wouldn’t be a negative stigma attached to the banks that actually needed the assistance.